Is the Demand for San Felipe Real Estate Signaling Another B
Tuesday 19 February
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by Ron Scott
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Groundbreaking ceremonies for Playa de Paraiso, a eight story, 160 unit beachfront, luxury condominium resort project on the Sea of Cortez in San Felipe, Mexico took place on June 10, 2005 under a clear blue sky and a bright noon day sun. Honored guests included Baja California’s Governor, Lic. Eugenio Elorduy Walther, and Mexicali Municipal President, Ing. Samuel Ramos Flores. Their presence is a sure sign that the demand for Baja real estate is on the rise.
The ceremony signals the beginning of a joint private and government economic development program designed to bring the northeast Baja coastline into the 21st century. Escalera Nautica, the Nautical Ladder development project, may be coming to fruition at last. As evidence that the area is just now beginning to undergo a period of rapid development, half of the Playa de Paraiso’s units have already been pre-sold despite the fact that the project won’t be completed until June 2007.
Eric Garcia, Director of Sales at Playa del Paraiso, attributes the increased interest in the San Felipe real estate market to a number of factors. "Increasing numbers of affluent and retired Americans are searching for a less stressful lifestyle and they are finding exactly what they have been searching for in San Felipe.
A quiet seaside fishing village on the Sea of Cortez, the resort area is only a few hours drive from San Diego and Tucson and that makes the community even more attractive because it is far more accessible than Cabo San Lucas," he says.
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